Pep Guardiola has guided City to three of the last four Premier League titles, but the 2020/21 campaign ended on a sour note after his side were beaten by Thomas Tuchel’s in the Champions League final.
City will be on high alert over the threat Chelsea pose to their title hopes next season given Tuchel inspired the Blues to three victories over Man City in the space of six weeks, dumping them out of the FA Cup and taking points off of them at the Etihad as well as the European glory.
Not to be outdone, City could end up spending north of £200m in the summer if they secure some of their more high-profile transfer targets.
With that being said, here is Friday’s Manchester City transfer round-up.
Man City hold fire on Harry Kane
City are rumoured to be so keen on securing the signature of Spurs striker Kane, they are willing to wait a further year to do so if they fail to lure him to the Etihad before the start of next season.
Earlier this week, City had reportedly bid £100m for the striker – an offer that was quickly rebuffed by Tottenham chairman Daniel Levy, who is thought to want £150m minimum for his team’s talisman.
Due to the hefty price tag, ESPN have claimed Guardiola’s side could bide their time over a second bid, potentially waiting as long as next summer when Spurs will be under increased pressure to cash in.
Despite playing much of last season without a recognised striker, Guardiola is keen on the idea of replacing club legend Sergio Aguero, who recently departed for Barcelona.
Kane still has three years left on his current deal, but feels his time in North London has run its course and is seeking a new challenge.
Still without a team trophy in his career, Kane is aware the Etihad looks to be the place to be if silverware is what he is after.
City register interest in Varane
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Man City have thrown their hat into the ring to do battle with the number of other big-name clubs racing to sign Raphael Varane.
According to The Athletic, City, much like Man Utd and Chelsea, boast an interest in the Frenchman, currently away on international duty at Euro 2020.
The Real Madrid star is entering the final 12 months of his current contract at the club he has enjoyed ten year’s worth of success with.
Los Blancos are thought to be willing to do a deal with any side interested in Varane for a fee of around £40 to £45m, given they stare down the barrel of potentially losing him for nothing this time next year.
At 28 years of age, Varane could prove to be the perfect signing for City, providing experience while also having plenty of years left at the top level.
Romelu Lukaku quashes talk of Man City move
The Belgian striker has often been touted as a potential back-up should the pursuit of Kane fail to come to anything, but he has insisted he remains happy at Inter Milan.
The recently-crowned Serie A champions are in a particularly dismal financial situation and Lukaku could be used to generate funds.
However, during a Q&A with fans on twitter, the former United star was asked by ex-Man City player Trevor Sinclair if he “fancied the blue half of Manchester?”
Lukaku simply responded: “I am happy at Inter” with a smiley face emoji.
The 28-year-old has enjoyed a stellar start to Euro 2020, notching three goals in his opening three games for Belgium as they progressed to the last 16 stage in comfortable fashion.